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INDIA > USA based eBay is set to sell its Flipkart stake for $1.1 billion and is planning to relaunch in India

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Categories:Ecommerce
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A year after getting acquired by e-commerce giant Flipkart, eBay India is set to sells its stake in Flipkart for tentatively $1.1 billion. eBay is focusing rather to relaunch in India initially concentrating on cross border trade opportunity. The announcement came after Walmart’s announcement to buy 77% in Flipkart for $16 billion valuing Flipkart at […]

INDIA > USA based Walmart is set to buy Indian’s leading online retailer Flipkart for $16 billion for a controlling stake of 77%

By:admin
Categories:Ecommerce
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To access a market Walmart has been trying  for years, USA based Walmart  is set to invest $16 billion to acquire a controlling stake of 77% in Indian online retailer Flipkart. Walmart had been restricted by local regulations to operate wholesale outlets in India. According to Walmart CEO Doug McMillon: “India is one of the […]